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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Johnny Canuck who wrote (35545)	12/14/2001 1:33:34 PM
From: dlu	Read Replies (2) of 69659

Commentary from TC2000 on LU is that it could likely test Sept. lows on this retreat. I see most of the selling was yesterday <today isn't over though>. When McGinn was booted out in 2000, Lucent introduced their 3 phase cost cutting plan.. the final stage will be in March and could help the bottom line. As usual, it's suggested that LU could be more specific about what/where the problem areas are <where have I heard this before.....?> I think LU will survive. If it drops to Sept. lows I'd be inclined to buy some as a trader. It looks like ORCH could break out of its 2+ month base in the 4 area. Your BGEN is looking better today. Have you ever looked at Merit Medical <MMSI>...? It is an odd duck.... trades up on down days and vice versa... I've been short term trading it and doing ok by getting in and out at resistance areas. dlu

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